I don't understand how to complete a T- account for this problem without a reference. The words inventory and cash are confusing me as to what I need to list in what area. If you could provide a reference that I can work with to better understand where each debit and credit would go would be appreciated. I have attached a word document of my Wiley questions and pertinent information.

Waters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Water's ledger showed Cash of $11,627 and Common Stock of $11,627. May 1 Purchased merchandise on account from Hauke Wholesale Supply for $8,400, terms 1/10, n/30. 2 Sold merchandise on account for $5,300, terms 2/10, n/30. The cost of the merchandise sold was $3,975. 5 Received credit from Hauke Wholesale Supply for merchandise returned $500. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Hauke Wholesale Supply in full, less discount. 11 Purchased supplies for cash $1,308. 12 Purchased merchandise for cash $4,506. 15 Received $334 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Friedrich Distributors for $4,900, terms 2/10, n/30. 19 Paid freight on May 17 purchase $363. 24 Sold merchandise for cash $7,994. The cost of the merchandise sold was $5,959. 25 Purchased merchandise from Fasteners Inc. for $1,163, terms 3/10, n/30. 27 Paid Friedrich Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $144. The returned merchandise had cost $108. 31 Sold merchandise on account for $1,860, terms n/30. The cost of the merchandise sold was $1,206. Journalize the transactions using a perpetual inventory system. This is the portion I have completed I now need to post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances